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Record360 says its new mobile app provides documentation of vehicle condition, time-stamped and verified with the customer, to avoid damage disputes.

Record360 Inc. says its new mobile app enables auto service providers to document customer vehicles and virtually eliminates the problem of customers claiming damage while their vehicles are in for repair.

The Record360 app provides high quality, time-stamped, geo-tagged records of property at the time of exchange. The new app is designed to benefit many types of businesses as well as consumers.

Whether renting, sharing or simply documenting, Record360 provides high quality, time-stamped, geo-tagged records of property at the time of exchange. Individuals or entire teams can capture and view asset condition records from anywhere from their tablet or smartphone, according to the company.

The company says the app yields financial savings for companies in a variety of industries, such as equipment rentals, property management, dealerships, auto/body shops, and transportation that need to track assets, property, project and production milestones, and inventory.

“Billions are lost each year in damages missed during the exchange of property, vehicles and equipment, while countless damage disputes impact relationships, customer satisfaction, and cause negative press. Asset condition and claims management processes dependent on paper or low-fidelity digital reporting are clearly outdated and Record360 fills the gap with a modern solution,” says Shane Skinner, Record360 CEO.

Just a few clicks on a mobile device are needed to capture video, images, highlights and necessary annotations to document the condition of an asset, according to the company. The Record360 app scans VINs to automatically capture extended vehicle specifications. An enterprise dashboard offers customizable workflow across a broad range of use cases—with completely adaptable architecture and all data stored in the cloud for easy access and sharing.

Record360 is available for iOS v7.0+, and on Samsung Tab 4, Samsung Tab Pro, Google Nexus Tablet, and most Android 4.4+ devices, with Samsung Galaxy S support coming soon.

Record360 is available as a free iOS and Android application for consumers who want protection against liability when renting or sharing autos, vacation homes, apartments, etc. The company says documenting the condition of the asset is as easy as shooting a selfie.